The Graveyard › Banks › 1989
Continental Savings, A Fs & La
Bellaire · failed March 9, 1989 · FDIC certificate 32616
Continental Savings, A Fs & La of Bellaire failed on March 9, 1989. It opened on September 26, 1988, less than a year before. At its last report before that it held $354.6 million in assets and $587.4 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $803.3 million on it.
1988-091988-12
Assets at the end$354.6 millionlast report before March 9, 1989
Deposits at the end$587.4 million
Estimated loss to the fund$803.3 millionRTC
Largest in the quarterly reports$354.9 millionSeptember 30, 1988
Equity to assets-84.9%December 31, 1988
Loans not being repaid72.0%noncurrent, December 31, 1988
Return on assets-4.86%a year's rate, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.